365 Stock market news

The trading on Wall Street opens today with rising prices, in view of sharp increases in oil prices, as a result of fires in Alberta, the “oil capital” of Canada, which causing severe disruptions in the oil production in reservoirs in the area.
The US indices influenced by macro data and reports published today,such as the the weekly jobless claims.
The data pointed of a sharp rise in the initial jobless claims, more than expected, 274 thousand – a record of five weeks, compared to 257 thousand in the previous week. However, the number of people receiving unemployment benefits fell to a low of 16 years.
The first quarter earnings season is in the final stretch.
Before the trading today, China’s online commerce giant Alibaba reported of a surge of 39% to 3.75 billion, and the net income jumped by 97% to 793 million.

Yesterday there was no significant economic data, and investors are waiting for some important news later in the week and particularly the employment data which will be released on Friday in the United States. After a relatively weak earnings season, the NFP (Non-Farm Payrolls) figures will be particularly important because strong numbers could provide a tailwind to a rise of the rate already in June, and to the dollar to recover slightly. Analysts expect the addition of 206 thousand new jobs, compared to 215 thousand in the previous month and a decrease of 5% to 4.9% in the unemployment rate.

Yesterday, Wall Street stock markets closed with declines, together with negative trend earlier in the European markets and following the drop in oil prices.

A daily summary on Wall Street, the Dow Jones fell by 0.8%, the S P 500 dropped by 0.9% and the  NASDAQ lost 1.1%.